VIBE
Do More. Be Legendary.
Vince McMahon has sold a whopping 3,340,000 shares of his WWE stock in order to support funding for his new company Alpha Entertainment, LLC. The sale was made public in the latest SEC filing posted on WWE’s corporate website.
It has been rumored that Alpha Entertainment will be the platform to help McMahon relaunch a football league after it was revealed last week that he registered trademarks for 'UFL' and 'United Football Leauge'
Below is a copy of the filling:
“On December 21, 2017, Vincent K. McMahon (“Mr. McMahon”), Chairman and Chief Executive Officer of World Wrestling Entertainment, Inc. (the “Company”), sold 3,340,000 shares of the Company’s Class A common stock in a block trade made in accordance with the provisions of Rule 144 of the Securities Act of 1933, as amended. Mr. McMahon executed the sale primarily to fund a separate entity from the Company, Alpha Entertainment LLC, which Mr. McMahon established to explore investment opportunities across the sports and entertainment landscapes, including professional football. Mr. McMahon has informed the Company that he has no current plan to sell additional shares of the Company’s stock and that he intends to continue in his capacity as the Company’s Chairman and Chief Executive Officer for the foreseeable future.
The shares sold by Mr. McMahon represent approximately 4.3% of the Company’s total outstanding shares of Class A and Class B common stock. After the sale, Mr. McMahon beneficially owns 32,193,375 shares of the Company’s Class B common stock, which represents approximately 82.8% of the Company’s total voting power and approximately 41.8% of the Company’s total outstanding shares of common stock.”
It has been rumored that Alpha Entertainment will be the platform to help McMahon relaunch a football league after it was revealed last week that he registered trademarks for 'UFL' and 'United Football Leauge'
Below is a copy of the filling:
“On December 21, 2017, Vincent K. McMahon (“Mr. McMahon”), Chairman and Chief Executive Officer of World Wrestling Entertainment, Inc. (the “Company”), sold 3,340,000 shares of the Company’s Class A common stock in a block trade made in accordance with the provisions of Rule 144 of the Securities Act of 1933, as amended. Mr. McMahon executed the sale primarily to fund a separate entity from the Company, Alpha Entertainment LLC, which Mr. McMahon established to explore investment opportunities across the sports and entertainment landscapes, including professional football. Mr. McMahon has informed the Company that he has no current plan to sell additional shares of the Company’s stock and that he intends to continue in his capacity as the Company’s Chairman and Chief Executive Officer for the foreseeable future.
The shares sold by Mr. McMahon represent approximately 4.3% of the Company’s total outstanding shares of Class A and Class B common stock. After the sale, Mr. McMahon beneficially owns 32,193,375 shares of the Company’s Class B common stock, which represents approximately 82.8% of the Company’s total voting power and approximately 41.8% of the Company’s total outstanding shares of common stock.”
Serious Juice Mayne
Guest
Kap ain’t signing under Vince lol xfl sucks dick can’t wait till Vince sell the E to p diddy
Vince's shit is to combat the kneeling and protest, Kap ain't going anywhere near it.
Oh shit Max, you still verbally assaulting that white broad up
Arena football would kill in this climate.
Social media would have kept xfl afloat.... It was literally ahead of it's time
Farris2k1
The true great demon
This^^
Whoever did that dumb shit is a bozo
Serious Juice Mayne
Guest
This should be a wrestling news thread
VIBE
Do More. Be Legendary.
Right now it’s an all-in-one thread. Once they see traffic Is enough for its own subforum, they’ll do that.
If y'all never listened to Bruce Prichard's podcast it's a good listen
http://www.mlwradio.com/something-to-wrestle-with-bruce-prichard.html
http://www.mlwradio.com/something-to-wrestle-with-bruce-prichard.html
When has that stopped them from doing something the crowd didn't like. Brock/Roman is happening at Wrestlemania whether we like it or not.